CASH to Sell Commercial Insurance Business: Is the Stock a Buy?
CASHPathward Financial(CASH) ZACKS·2024-08-31 00:25

Pathward Financial, Inc. (CASH) has signed an agreement to divest its commercial insurance premium finance business to AFS IBEX Financial Services, LLC (“AFS”), a subsidiary of Honor Capital Holdings, LLC. Honor Capital will be acting as a guarantor for the obligations undertaken by AFS per the agreement.CASH’s Divestiture DetailsThe deal has been approved by CASH's board of directors and is anticipated to be closed by the end of September, subject to fulfillment of customary closing conditions.Pathward Fin ...